December 2008- Leaside Market Report and Average Sale Price
Comparing home sales in Leaside between July and November 2007 to the same period in 2008.
Last year there were 83 homes sold, versus 41 in 2008, a 50% drop. Once again the average sale price in Leaside managed to climb 10% from $801,400 to $889,400. The median sale price went up by the same 10% from $725,000 to $800,000.
The sale price as a percentage of the listing price (asking) decreased from 104% to 97%, showing less willingness to pay the full asking price or above on the part of buyers.
On average it only took one more day for homes to sell in this neighbourhood.
|
July to November 2007 |
July to November 2008 |
% Change |
||
| Number of Sales |
83 |
Number of Sales |
41 |
Down 50% |
| Average Sale Price |
$801,400 |
Average Sale Price |
$889,460 |
Up 10% |
| Median sale Price |
$725,000 |
Median sale Price |
$800,000 |
Up 10% |
| % of List Price |
104 |
% of List Price |
97 |
Down 7% |
| Days on the Market |
16 |
Days on the Market |
17 |
Up 6% |
So far Leaside continues to buck the downward trends we are seeing all across Toronto and most other markets throughout Canada.
To receive complete information and details on any home sold, send me an email, or call me Rosalin Smith-Carr, at my direct line (416) 482-8330 ext. 3519
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